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CBSE Class 12 Humanities Economics · Ch 2: National Income Accounting

CBSE Class 12 Humanities Economics · Ch 2: National Income Accounting is an online chapter test in the CBSE Class 12 Humanities pattern, covering National Income Accounting. Attempt it on SeatBeat with a timer like the real exam, then see a detailed solution for every question and your score and weak-topic analysis.

30
Questions
20
Minutes
30
Marks
None
Negative marking
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Topics in this test

TopicQuestions
National Income Accounting30

Difficulty: 6 medium · 24 hard

National Income Accounting MCQ questions with answers

The first 3 of 30 questions. Unlock the series for the rest, each with a solution.

  1. Q1. In an economy the Nominal GDP is $₹6{,}000$ crore and the Real GDP is $₹5{,}000$ crore. The value of the GDP deflator is:

    किसी अर्थव्यवस्था में नाममात्र GDP $₹6{,}000$ करोड़ है और वास्तविक GDP $₹5{,}000$ करोड़ है। GDP अपस्फीतिकारक का मान है:

    • A. $1.2$
    • B. $83.3$
    • C. $1{,}200$
    • D. $120$
    Solution

    GDP deflator = $\frac{\text{Nominal GDP}}{\text{Real GDP}}\times 100 = \frac{6000}{5000}\times 100 = 120$, indicating prices rose about 20% over the base year.

    GDP अपस्फीतिकारक = $\frac{\text{नाममात्र GDP}}{\text{वास्तविक GDP}}\times 100 = \frac{6000}{5000}\times 100 = 120$, जो दर्शाता है कि आधार वर्ष की तुलना में कीमतें लगभग 20% बढ़ीं।

  2. Q2. The Personal Income of a household sector is $₹5{,}000$ crore, personal tax payments are $₹300$ crore and non-tax payments (such as fines) are $₹50$ crore. The Personal Disposable Income is:

    परिवार क्षेत्र की व्यक्तिगत आय $₹5{,}000$ करोड़ है, व्यक्तिगत कर भुगतान $₹300$ करोड़ हैं और गैर-कर भुगतान (जैसे जुर्माना) $₹50$ करोड़ हैं। व्यक्तिगत प्रयोज्य आय है:

    • A. $₹4{,}950$ crore / $₹4{,}950$ करोड़
    • B. $₹4{,}700$ crore / $₹4{,}700$ करोड़
    • C. $₹5{,}300$ crore / $₹5{,}300$ करोड़
    • D. $₹4{,}650$ crore / $₹4{,}650$ करोड़
    Solution

    Personal Disposable Income = Personal Income − personal tax payments − non-tax payments = $5000-300-50=4650$ crore.

    व्यक्तिगत प्रयोज्य आय = व्यक्तिगत आय − व्यक्तिगत कर भुगतान − गैर-कर भुगतान = $5000-300-50=4650$ करोड़।

  3. Q3. Match the terms in Column I with their meanings in Column II: Column I: (A) GDP deflator (B) Net factor income from abroad (C) Depreciation (D) Mixed income Column II: (1) Consumption of fixed capital (2) $\frac{\text{Nominal GDP}}{\text{Real GDP}}\times 100$ (3) Income of own-account (self-employed) workers (4) Factor income earned from abroad minus factor income paid abroad The correct matching is:

    स्तंभ I में दिए गए शब्दों का स्तंभ II में दिए गए उनके अर्थों से मिलान करें: स्तंभ I: (A) GDP अपस्फीतिकारक (B) विदेशों से शुद्ध साधन आय (C) मूल्यह्रास (D) मिश्रित आय स्तंभ II: (1) स्थायी पूँजी का उपभोग (2) $\frac{\text{नाममात्र GDP}}{\text{वास्तविक GDP}}\times 100$ (3) स्व-खाता (स्व-नियोजित) श्रमिकों की आय (4) विदेशों से अर्जित साधन आय में से विदेशों को भुगतान की गई साधन आय घटाना सही मिलान है:

    • A. A-2, B-4, C-3, D-1
    • B. A-2, B-4, C-1, D-3
    • C. A-2, B-1, C-4, D-3
    • D. A-4, B-2, C-1, D-3
    Solution

    GDP deflator is the ratio of nominal to real GDP, NFIA is income from abroad minus income paid abroad, depreciation is consumption of fixed capital, and mixed income belongs to the self-employed.

    GDP अपस्फीतिकारक नाममात्र GDP का वास्तविक GDP से अनुपात है, NFIA विदेशों से आय में से विदेशों को भुगतान की गई आय घटाना है, मूल्यह्रास स्थायी पूँजी का उपभोग है, और मिश्रित आय स्व-नियोजित व्यक्तियों की होती है।

Frequently asked questions

How many questions are in the CBSE Class 12 Humanities Economics · Ch 2: National Income Accounting?

30 questions for 30 marks, to be answered in 20 minutes.

Is there negative marking in the CBSE Class 12 Humanities Economics · Ch 2: National Income Accounting?

No — wrong answers are not penalised in this test.

Which topics does the CBSE Class 12 Humanities Economics · Ch 2: National Income Accounting cover?

National Income Accounting (30 questions).

Is the CBSE Class 12 Humanities Economics · Ch 2: National Income Accounting free?

It is part of the CBSE Class 12 Humanities (Arts) Test Series 2027 — Chapter-wise + Full Tests (19 tests, ₹199). You can first try English · Ch 1: The Last Lesson for free.

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National Income Accounting MCQ Questions with Answers | CBSE Class 12 | SeatBeat